CWH Options History — September 2018

In September 2018, CWH traded between $18.93 and $22.10. ATM implied volatility averaged 54.9%, placing in the 37.2% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 4.1% (HV 20d: 59.0%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2018-09-17: Highest Volume — 22,405 contracts
  • 2018-09-24: Largest IV spike — 8.9% change
  • 2018-09-10: Highest IV Rank — 42.3%
  • 2018-09-17: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.71$18.93$22.10$20.66$21.25
Max Pain$20.47$20.00$22.50$22.50$20.00
ATM IV54.9%49.8%58.9%56.2%52.4%
Expected Move15.6%14.3%16.6%16.1%15.0%
HV 20d59.0%50.1%85.7%85.7%55.7%
HV 60d62.8%61.9%63.8%62.4%63.3%
IV Rank37.2%31.0%42.3%39.1%34.1%
IV Percentile61.6%42.5%75.4%69.8%47.6%
Term Structure4.6%0.2%8.6%0.2%8.6%
VWIV54.4%50.5%63.3%63.3%51.6%
Skew 25d1.2%-0.6%3.8%1.6%2.1%
Skew 10d2.3%-1.3%5.4%1.5%0.1%
Call IV 25d54.0%50.9%56.9%54.5%51.8%
Put IV 25d55.2%50.5%58.7%56.2%53.9%
Bid-Ask Spread %20.319.3232.039.3223.58
Gamma HHI0.230.120.410.220.27
Net GEX1.1M407.6K2.2M1.2M651.6K
Net DEX-11.5M-29.0M9.2M-13.1M-9.4M
Net VEX-182.7K-210.1K-147.7K-203.0K-177.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.202.000.690.81
Total Volume6,709.6842,18622,4052,1868,332
Total OI107,947.52666,770136,199113,32373,697

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$20.66$22.5056.2%16.1%85.7%39.1%63.3%1.6%0.2%1.2M-13.1M-203.0K0.699.32N/AN/A1,29689086,48226,841
2018-09-05$20.85$22.5055.4%15.9%84.9%38.2%56.5%0.8%0.2%1.3M-16.8M-210.1K1.0012.67N/AN/A1,6331,63086,58026,946
2018-09-06$19.93$21.0057.1%15.5%67.3%40.1%52.3%1.6%5.2%746.4K-1.3M-176.6K0.7323.34N/AN/A1,5611,14086,41927,004
2018-09-07$20.64$21.0057.1%15.6%60.6%40.2%52.5%1.1%4.2%1.1M-11.0M-193.5K1.2822.12N/AN/A1,0291,32086,80927,155
2018-09-10$20.29$21.0058.9%15.9%56.7%42.3%56.5%-0.6%4.0%1.0M-7.3M-178.2K0.7118.80N/AN/A2,0281,44186,81927,347
2018-09-11$19.92$21.0058.5%15.8%55.4%41.4%54.9%0.0%4.9%788.4K-1.2M-170.2K0.6520.98N/AN/A3,0882,02187,82528,032
2018-09-12$19.12$20.0056.5%16.2%57.1%39.0%56.4%-0.2%4.3%542.1K6.4M-153.8K1.1121.12N/AN/A1,1241,24689,14327,928
2018-09-13$18.93$20.0054.7%15.7%54.5%36.9%54.5%1.6%3.7%407.6K9.2M-147.7K0.9221.42N/AN/A2,3752,18189,32628,383
2018-09-14$19.90$20.0056.4%16.2%57.3%38.8%54.1%1.8%2.5%779.5K-652.9K-164.0K0.7030.00N/AN/A4,4533,12789,18229,124
2018-09-17$21.19$20.0057.7%16.6%51.1%40.5%57.1%3.8%2.0%1.6M-19.7M-193.0K0.2025.70N/AN/A18,6183,78790,55931,157
2018-09-18$21.31$20.0054.8%15.7%50.9%36.9%55.1%-0.1%5.0%2.0M-25.2M-209.0K0.8932.03N/AN/A4,0893,646104,72631,127
2018-09-19$21.56$20.0054.8%15.7%50.6%36.9%55.5%1.6%3.9%2.2M-29.0M-208.1K0.7724.52N/AN/A4,3753,370104,80031,161
2018-09-20$21.56$20.0053.1%15.2%50.1%34.9%52.7%1.4%5.2%2.0M-25.4M-200.3K2.0020.17N/AN/A1,7763,557104,72031,327
2018-09-21$22.10$20.0049.8%14.3%50.4%31.0%50.5%-0.5%6.4%1.0M-25.9M-201.8K0.8516.46N/AN/A3,9063,327104,36531,834
2018-09-24$20.50$20.0054.2%15.5%57.3%36.2%52.8%1.5%5.9%613.1K-10.3M-171.5K0.2515.35N/AN/A9,5992,42449,05419,838
2018-09-25$20.75$20.0052.5%15.1%57.1%34.2%52.3%3.4%6.2%559.9K-9.6M-165.1K0.4916.10N/AN/A4,5342,20345,92820,842
2018-09-26$21.63$20.0051.4%14.7%58.9%32.9%51.5%1.0%8.4%797.5K-16.0M-175.9K0.5815.20N/AN/A5,6483,28446,52721,280
2018-09-27$21.43$20.0051.9%14.9%59.0%33.5%52.6%1.0%7.4%696.9K-12.6M-171.9K0.7017.01N/AN/A4,3743,05248,31022,406
2018-09-28$21.25$20.0052.4%15.0%55.7%34.1%51.6%2.1%8.6%651.6K-9.4M-177.5K0.8123.58N/AN/A4,5973,73549,58824,109